Complete Solaria’s (CSLR) Overweight Rating Reiterated at Cantor Fitzgerald

Cantor Fitzgerald restated their overweight rating on shares of Complete Solaria (NASDAQ:CSLR) in a research note released on Thursday,Benzinga reports. They currently have a $6.00 price target on the stock.

Complete Solaria Price Performance

Shares of NASDAQ:CSLR opened at $1.96 on Thursday. Complete Solaria has a 52 week low of $0.20 and a 52 week high of $3.37. The company’s 50 day moving average is $2.33 and its two-hundred day moving average is $1.75.

Complete Solaria (NASDAQ:CSLR) last issued its earnings results on Wednesday, August 14th. The company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.16). The company had revenue of $4.49 million for the quarter, compared to analysts’ expectations of $11.00 million.

Insider Activity

In other news, major shareholder Solis Holdings L.L.C. Crsef sold 133,643 shares of the company’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $2.51, for a total value of $335,443.93. Following the completion of the transaction, the insider now owns 4,767,697 shares in the company, valued at approximately $11,966,919.47. This represents a 2.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Carlyle Group Inc. sold 275,000 shares of the stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $2.20, for a total transaction of $605,000.00. Following the completion of the transaction, the insider now directly owns 2,405,461 shares in the company, valued at $5,292,014.20. This trade represents a 10.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,691,540 shares of company stock worth $3,714,366. 92.48% of the stock is currently owned by insiders.

Institutional Trading of Complete Solaria

Several institutional investors and hedge funds have recently made changes to their positions in CSLR. Jane Street Group LLC acquired a new position in Complete Solaria during the third quarter worth approximately $51,000. Quadrature Capital Ltd purchased a new position in shares of Complete Solaria during the third quarter worth approximately $81,000. XTX Topco Ltd acquired a new position in shares of Complete Solaria in the 3rd quarter valued at $129,000. Finally, State Street Corp raised its position in Complete Solaria by 57.7% in the 3rd quarter. State Street Corp now owns 106,600 shares of the company’s stock valued at $300,000 after purchasing an additional 39,000 shares during the last quarter. 30.25% of the stock is owned by hedge funds and other institutional investors.

Complete Solaria Company Profile

Complete Solaria, Inc provides custom solar solutions in the United States. The company offers solar systems to homeowners and small to medium-sized commercial customers. It also provides HelioQuoteTM software system, a platform for residential solar designs, proposals, and engineering services. In addition, the company installs solar systems, as well as provides financing solutions.